The merger of two major American fashion brands to create a handbag giant has been called off! Capri plunges over 47% to a four-year low

The plan of the American fashion brand Tapestry to acquire Capri for $8.5 billion has been halted by a federal judge, causing Capri's stock price to plummet by over 47%, hitting a four-year low. Analysis indicates that Capri's market share decline is the main reason, while Tapestry's stock price has risen by nearly 15%, reaching a six-year high. The judge believes that the merger would reduce competition in the mid-priced luxury handbag market, raising antitrust concerns in the fashion industry